First Eagle Investment Management has launched a suite of retirement share classes for its mutual fund line-up.
The new R3, R4, R5 and R6 shares, available for purchase on 1 March 2017, represent a transparent and complementary menu of pricing options from which retirement plan fiduciaries can choose the share class most suited to the needs of their plan.
The new retirement share classes are available without investment minimums or front-end sales charges and offer varying levels of intermediary compensation, including 12b-1 and sub-TA fees. The R6 shares do not include any form of intermediary compensation and represent the lowest-cost offering among the newly launched shares.
“By introducing share classes that are dedicated to group retirement plans, we are continuing our commitment to this important market,” says Mike Rosenberg, head of retirement investment solutions at First Eagle. “I am excited that plan fiduciaries will have access to our investment solutions through share classes of their choice that address their specific needs. This brings us a step closer in our quest to help American savers with investment strategies that aim to deliver attractive returns, preserve purchasing power and provide downside protection.”